Using Newest Lead4Pass 1Z0-1054-22 Exam Dumps Complete Oracle 1Z0-1054-22 Exam – 2023

Using Newest Lead4Pass 1Z0-1054-22 Exam Dumps

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Free Share 1Z0-1054-22 Exam Dumps and Practice Questions and Answers

Question 1:

What are the two benefits of having the Essbase cube embedded in the General Ledger Cloud? (Choose two.)

A. Posting performance is much faster

B. Integrating with third-party systems is easier because the Essbase cube provides a chart of accounts mapping rules

C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

D. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously

E. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

Correct Answer: CD

Question 2:

Your customer uses Financials Cloud, Projects, Inventory, and Procurement.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. Each product has its own Intercompany Accounting feature that needs to be set up separately

B. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals

C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management

D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Correct Answer: BC

Question 3:

If you want to achieve multi-step cascading allocations, which feature do you use?

A. RuleSets

B. Formulas

C. Point of View (POV)

D. General Ledger journal entries

Correct Answer: A


Question 4:

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. You can only drill down to the general ledger journal and then from there to the sub ledger journal entry.

B. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.

D. This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

E. This report displays the intercompany receivables and intercompany payables balances in summary for a period.

Correct Answer: BE


Question 5:

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A. Users have very little control over their Springboards and Work Areas; they can only resize columns

B. They can use Personalization to move and remove regions from those pages

C. They can have the System Administration customize pages for them using Page Composer

D. They can format each table by hiding and showing columns, moving columns, and resizing columns

Correct Answer: BD

Question 6:

You are reconciling your sub-ledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account\’s activities.

What type of report will provide this type of information?

A. Account Analysis Reports

B. Aging Reports

C. an online Transactional Business Intelligence (OTBI) report creating ad hoc queries on transactions and balances

D. Journals Reports

Correct Answer: A

Question 7:

You want to be notified of anomalies in certain account balances in real-time. What is the most efficient way to do this?

A. Create an Account Group using Account Monitor

B. Use Account Inspector

C. Open a Smart View file saved on your desktop

D. Perform an account analysis online

Correct Answer: A

Question 8:

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)

A. The Account Rule\’s conditions are not defined

B. The Account Rule\’s chart of accounts has no account values assigned

C. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set

D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

Correct Answer: CD

Question 9:

Your customer is planning to have three balancing segments for generating balance sheets and income statements at the cost center segment and program segment levels.


Which two recommendations would you give your customer? (Choose two.)

A. Additional intercompany rules will need to be defined for the two additional balancing segments

B. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

C. Additional intercompany balancing and clearing options will need to be defined

D. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal

Correct Answer: AB

Question 10:

You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.

What should you configure?

A. a Provider and Receiver distribution set

B. Intercompany transaction type default accounts

C. the AutoAccounting Definition

D. the Transaction Account Definition

Correct Answer: A


Question 11:

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instances that has four segments. Which three statements are true regarding the creation of a controlled budget? (Choose three.)

A. The control budget structure has all the chart of account segments as budget segments

B. Control budgets are always absolute to generate encumbrance accounting

C. A control budget is associated with a ledger and creates three control budgets for Australia, New Zealand, and Singapore

D. A control budget can allow overriding rules only if the control level is absolute

E. A control budget can be associated with a different calendar than an accounting calendar

Correct Answer: BDE

Question 12:

Which two statements are true regarding the Balances Cubes in General Ledger? (Choose two.)

A. They are updated automatically when the General Ledger period is opened

B. New dimensions can be added to a General Ledger Balances Cube

C. They have updated automatically when the Revaluation process is run

D. A new Balances Cube is created for a unique combination of Ledger and Currency

E. They have updated automatically when the Translation process is run

Correct Answer: BC


Question 13:

Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.

At what level can you override the default accounting attribute assignment?

A. Journal Entry Rule Set

B. Event Type

C. Journal Line Rule

D. JournalEntry

E. Event Class

Correct Answer: C

Question 14:

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

A. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

B. whether to allow receivers to reject intercompany transactions

C. automatic or manual batch numbering and the minimum transaction amount

D. automatic or manual batch numbering and the maximum transaction amount

E. the approvers who will approve intercompany transactions

Correct Answer: ABC

Question 15:

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

A. Account Monitor

B. Financial Reports with Embedded charts

C. Smart View

D. Account Inspector and its charts

Correct Answer: A


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